maartunn
Are leverage-traders flushed out? ๐ฃ
Open Interest is one of my most use methodes for day-to-day trading. During the last two months where Bitcoin was trading bewteen $18500 and $23000, Open Interest and Bitcoin price were best friends, they were inseparable. โถ If Bitcoin price was going up, Open Interest also grow โถ If Bitcoin price was going down, Open Interest moved down as well Most of the time, it went with enough volatility to make it perfect to trade. However, since 25 October something has changed. While observing Open Interest of Bitcoin futures, I recognized that ๐ โถ Price is trading above 25 October-level โถ OI is below the starting-point This is a totally different approach as before. This makes me wonder if a) most leverage-traders are flushed out the market or b) they are trading more volatile coins *woof* ๐ถ